Evaluator Moderate Correlations

EVFMX Fund

USD 12.17 0.07 0.58%

The current 90-days correlation between Evaluator Moderate Rms and Guggenheim Large Cap is 0.88 (i.e., Very poor diversification). The correlation of Evaluator Moderate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Evaluator Moderate Correlation With Market

Very poor diversification

The correlation between Evaluator Moderate Rms and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Moderate Rms and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaluator Moderate Rms. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Evaluator Mutual Fund

0.89	ABALX	American Balanced	Pair Corr
0.89	BALFX	American Balanced	Pair Corr
0.89	CLBAX	American Balanced	Pair Corr
0.89	FIRSX	Fidelity Income Repl	Pair Corr
0.72	WSHFX	Washington Mutual	Pair Corr
0.76	AAAIX	Strategic Allocation	Pair Corr
0.96	TRHRX	T Rowe Price	Pair Corr
0.77	SPGRX	Deutsche Multi Asset	Pair Corr
0.92	ISIPX	Voya Stock Index	Pair Corr
0.75	NWJFX	Nationwide Ziegler Nyse	Pair Corr
0.78	VASIX	Vanguard Lifestrategy	Pair Corr
0.97	FAJTX	American Funds 2055	Pair Corr
0.77	ENGLX	Cboe Vest Sp	Pair Corr
0.91	VFINX	Vanguard 500 Index	Pair Corr
0.65	WARRX	Wells Fargo Advantage	Pair Corr
0.67	MKLOX	Blackrock Global All	Pair Corr
0.97	FAXDX	Fidelity Advisor Freedom	Pair Corr
0.65	ICFAX	Icon Financial	Pair Corr
0.67	RFNCX	American Funds Funda	Pair Corr

Related Correlations Analysis

	SECIX	GMLVX	TALCX	TAGRX	MKFOX	FCLKX	UTDLX	TRLUX
SECIX		0.65	0.87	0.46	0.61	0.93	0.91	0.89	SECIX
GMLVX	0.65		0.61	0.46	0.31	0.65	0.37	0.39	GMLVX
TALCX	0.87	0.61		0.47	0.45	0.86	0.81	0.72	TALCX
TAGRX	0.46	0.46	0.47		0.27	0.57	0.39	0.43	TAGRX
MKFOX	0.61	0.31	0.45	0.27		0.71	0.72	0.77	MKFOX
FCLKX	0.93	0.65	0.86	0.57	0.71		0.88	0.89	FCLKX
UTDLX	0.91	0.37	0.81	0.39	0.72	0.88		0.96	UTDLX
TRLUX	0.89	0.39	0.72	0.43	0.77	0.89	0.96		TRLUX
	SECIX	GMLVX	TALCX	TAGRX	MKFOX	FCLKX	UTDLX	TRLUX

Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Moderate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Evaluator Moderate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SECIX	0.50	0.01	0.00	0.07	0.62	(0.49)	0.98	(0.99)	2.96
GMLVX	0.67	(0.02)	(0.04)	0.03	0.80	(0.80)	1.35	(1.05)	4.38
TALCX	0.59	(0.02)	(0.02)	0.04	0.96	(0.58)	1.24	(1.31)	5.56
TAGRX	0.80	(0.20)	0.00	(0.17)	0.00	0.00	1.46	(1.29)	3.41
MKFOX	1.02	0.09	0.06	0.16	1.20	(1.12)	2.12	(2.27)	13.17
FCLKX	0.57	(0.01)	(0.02)	0.04	0.88	(0.53)	1.23	(1.34)	3.46
UTDLX	0.55	0.00	0.00	0.06	0.65	(0.63)	1.16	(1.08)	3.30
TRLUX	0.51	0.00	(0.02)	0.05	0.57	(0.58)	0.96	(1.04)	3.00

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Evaluator Moderate Correlations

Evaluator Moderate Correlation With Market

Very poor diversification

Moving together with Evaluator Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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